The Factor will have the exclusive power of determining which Accounts Receivable rights they will acquire. "THE ACCOUNTS RECEIVABLE" will be able to be issued in dollars the legal currency of the United States of America. For the purposes of this Contract and its Attachments: "THE CREDIT NOTES" are any sum in favor of "THE CUSTOMER" which results from the business activity which it carries out, being that the provision of goods or services or both that may not be paid for by "THE DEBTOR(S)" at the time of receiving such goods or services and that have not been paid for by "THE CUSTOMER" at the time of drawing up the corresponding "FACTORING AGREEMENT", nor that are found to be out of date and are documented to the satisfaction of "THE FACTOR" in a way that proves the existence and legitimacy of "THE ACCOUNTS RECEIVABLE" acquired by "THE FACTOR" and that are necessary and sufficient for recovering payment. SECOND:- OF THE RESOURCE - In the "FACTORING AGREEMENTS" "THE CUSTOMER" will not be obliged in solidarity with "THE DEBTORS" to respond for the punctual and opportune payment of "THE ACCOUNTS RECEIVABLE" acquired by "THE FACTOR". THIRD: FORM IN WHICH THE TRANSFERRALS WILL BE MADE - Both parties are in agreement in that: 1. "THE CUSTOMER" will advise "THE FACTOR" in writing of its wish to transfer to it "THE ACCOUNTS RECEIVABLE" at least two working days in advance, noting the date on which they want the transfer to occur, by way of the putting in place of the relevant "FACTORING AGREEMENT". "THE ACCOUNTS RECEIVABLE" that it is intended to transfer, their amount, all the information that "THE FACTOR" needs in regards to "THE DEBTORS", including the financial status or any other document that shows their financial situation, such as the information on the origin, nature, terms and conditions of "THE ACCOUNTS RECEIVABLE", together with all the documentation attesting to their existence and legitimacy, as well as what is necessary and sufficient for recovering them. The advice to which the previous paragraph refers will be irrevocable and will oblige "THE CUSTOMER" unconditionally, so that they will pay indemnity to "THE FACTOR" for any outgoing or expense that "THE FACTOR" may incur, including whatsoever amount paid or payable by "THE FACTOR" in the obtaining of funds to cover the price of the acquisition or the advance that they might have sought, in the case where for whatever reason "THE CUSTOMER" does not transfer in total to "THE FACTOR", on the date indicated in...
The Factor. As defined in Section (B) above. Building’s Share of Operating Expenses: One hundred percent (100%) of the Operating Expenses with respect to the Building plus the product of the Operating Expenses with respect to the Lot and a fraction the numerator of which is the Total Rentable Floor Area of the Building and the denominator of which is the rentable floor area contained within all of the buildings located upon the Lot, as reasonably determined by Landlord (which denominator shall not include any portion of the Parking Garage). Notwithstanding the foregoing, Landlord and Tenant hereby acknowledge and agree that Operating Expenses attributable to the Parking Garage shall be included as Operating Expenses of the Lot and not attributable to any particular building. Landlord reserves the right to equitably adjust the calculation of the Factor and the Building’s Share of Operating Expenses with respect to Operating Expenses as reasonably determined by Landlord.
The Factor means a fraction the
Examples of The Factor in a sentence
FACTOR LOADINGS, DESCRIPTIVE STATISTICS AND INDEX OF ADEQUACY TO THE APPLICATION OF THE FACTOR ANALYSIS TECHNIQUE Constructs/variables/descriptionFactor loadings Descriptive statisticsSLM IoT OP Mean Std.
RESERVE FOR CONTINGENCIES UNDER REINSURANCE-IN THE FINANCIAL YEAR OF 2016 REASEGURADORA PATRIA DETERMINED THIS RESERVE BY APPLYING THE FACTOR OF 0.13 TO THE RETAINED PREMIUMS OF ASSUMED REBONDING DEDUCTED FROM THE BASIC REBONDING COMMISSIONS.
THE FACTOR APPLICABLE TO THE YOUNGEST OF THE LIVES INSURED'S ATTAINED AGE AT THE DATE OF THE INCREASE AS DETERMINED FROM THE TABLE ON PAGE 3.1C, MULTIPLIED BY EACH $1,000 OF FACE AMOUNT INCREASE; PLUS (II) THE SURRENDER CHARGE PREMIUM LIMIT FOR THE INCREASE.
SUPERIOR RATINGS WILL ALSO BE GIVEN TO OFFERORS ON HOW COMPREHENSIVE AND DETAILED THEIR RESPONSE TO THE FACTOR IS, WHILE STILL ADHERING TO THE PAGE LIMIT FOR THE TECHNICAL PROPOSAL.
THIS RESERVE CAN ONLY BE RELEASED WHEN THE LIABILITY HEDGED IN THE RESPECTIVE BONDS POLICY HAS BEEN EXTINGUISHED.REINSURANCE OPERATIONS CONTINGENCY RESERVETHE INSTITUTION DETERMINED THIS RESERVE BY APPLYING THE FACTOR OF 0.13 TO THE RETAINED ASSUMED REBONDING PREMIUM REDUCED FROM THE BASIC REBONDING COMMISSION.
More Definitions of The Factor
The Factor. As defined in Section (B) above. Building's Share of Operating Expenses: One hundred percent (100%)of the Operating Expenses with respect to the Building plus the product of the Operating Expenses with respect to the Lot and a fraction the numerator of which is the rentable floor area contained within the Building and the denominator of which is the rentable floor area contained within all of the buildings located upon the Lot and not separately maintained by the tenants thereof.
The Factor means a fraction the numerator of which is the Rentable Floor Area of Tenant's Space and the denominator of which is the Total Rentable Floor Area of The Building.
The Factor. As defined in Section (B) above.
The Factor. As defined in Section (B) above. Building’s Share of Operating Expenses: The sum of (i) one hundred percent (100%) of the Operating Expenses with respect to the Building (less such Operating Expenses attributable to the Parking Garage), plus (ii) the product of the Operating Expenses with respect to the Lot and a fraction the numerator of which is the Total Rentable Floor Area of the Building and the denominator of which is the Total Rentable Floor Area of the Lot (which the denominator shall not include any portion of the Parking Garage, nor any other surface parking or garage facilities in other buildings on the Lot). Landlord and Tenant hereby acknowledge and agree that Operating Expenses attributable to the Parking Garage shall not be included in Operating Expenses for the Building, but instead, they shall be included as Operating Expenses of the Lot (net of revenue generated by the Parking Garage). Landlord reserves the right to equitably adjust the calculation of the Factor and the Building’s Share of Operating Expenses with respect to Operating Expenses as reasonably determined by Landlord, including without limitation, in connection with the Landlord’s Expansion Project.
The Factor means a fraction the numerator of which is the Rentable Floor Area of the demised premises and the denominator of which is the Total Rentable Floor Area of The Building. For purposes of this Section "the Building's Share of Real Estate Taxes" shall mean the sum of (i) the real estate taxes upon the Building (determined in accordance with the real estate tax bill, xxe assessor's records or a certification from the assessor), plus (ii) the product of the real estate taxes upon the Lot and a fraction the numerator of which is the number of square feet of rentable floor area contained within the Building and the denominator of which is the number of square feet of rentable floor area contained within all buildings located upon the Lot provided, however, that for purposes of this subsection (ii), if any portion of the Lot shall be separately assessed, the real estate taxes toward which Tenant shall be obligated to contribute shall include only those taxes on those portions of the Lot jointly assessed with the portion of the Lot on which the Building is located; and the denominator of said fraction shall be the number of square feet of rentable floor area contained within all buildings located upon those portions of the Lot which are jointly assessed with the portion of the Lot on which the Building is located.
The Factor through its representatives, declares that: a. It is a constituted Commercial Corporation and validly in existence as an Auxiliary Credit Organization, in conformity with the laws of the Mexican Republic, according to Official Document No. 102-E-356-DGSV-II-B-a-4995, File No. 712.1/311305 of November 22, 1990, dispatched by the Secretary of Finance and Public Credit, duly authorized for making contracts and whose principal social objective is, among others, the acquiring of Accounts Receivable rights on behalf of moral or physical persons that carry out business activities related to said activities, as is the lending of administration and recovery of Accounts Receivable rights.
The Factor for any outgoing or expense that "THE FACTOR" may incur, including whatsoever amount paid or payable by "THE FACTOR" in the obtaining of funds to cover the price of the acquisition or the advance that they might have sought, in the case where for whatever reason "THE CUSTOMER" does not transfer in total to "THE FACTOR", on the date indicated in the aforesaid advice, "THE ACCOUNTS RECEIVABLE" that in it were indicated it was wanting to transfer, and that in their case "THE FACTOR" was disposed to acquire. 2. "THE CUSTOMER" will transfer `without recourse' all "THE ACCOUNTS RECEIVABLE" that "THE FACTOR" has selected from those presented by way of the advice referred to in point 1 above. To this effect, the parties are obliged to use the standard "FACTORING AGREEMENT" that is attached to this document as attachment number 1. Every "FACTORING AGREEMENT" will be subject to the terms and conditions of the present Contract, for which reason what is stipulated here will have force for every "FACTORING AGREEMENT" from the moment of the endorsement of the respective "FACTORING AGREEMENT".